Thoma Bravo Defends Software Portfolio Amid AI
Orlando Bravo, founder and managing partner of Thoma Bravo, defended the firm's software portfolio in a Tuesday CNBC interview, saying sector expertise and deep diligence set its companies apart amid scrutiny over private-market valuations and liquidity. He acknowledged overpaying for Medallia in a $6.4 billion 2021 take-private deal that impaired equity, but said roughly 77 other portfolio companies are performing strongly as AI accelerates disruption in public software peers.
Key Points
- 1Defends portfolio: Thoma Bravo cites deep sector expertise and diligence protecting software investments
- 2Acknowledges Medallia overpayment: $6.4 billion 2021 take-private deal impaired equity and investor returns
- 3Signals AI risk: public software firms face faster disruption, prompting reassessment of valuations and strategy
Scoring Rationale
Official founder remarks provide credible, timely insight into private-software valuations; limited broader novelty beyond firm-specific disclosure.
Sources
Public references used for this report.
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